Two memecoins, Dogecoin, with a market cap of $23.8 billion, and new entrant Shiba Inu are currently in the top 10 crypto rankings.
The bullish memecoin run over the past couple of weeks has helped Shiba Inu dethrone Cardano from the top-10 crypto rankings by market capitalization.
The memecoin mania has seen another bullish run over the past couple of weeks, with Pepe (PEPE), Shiba Inu (SHIB), Dogwifhat (WIF) and several others touching new all-time highs (ATHs). Many of these memecoins have dethroned several crypto heavyweights.
Cardano (ADA), once ranked third in the crypto rankings during the 2020-21 bull run, is currently placed 11th after SHIB. Shiba Inu currently has a market cap of $16.4 billion, while Cardano’s market cap is $16.3 billion.
